IPMAN kicks against petroleum import licences, cites FX pressure, high landing costs - ITREALMS

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has strongly rejected the Federal Government's decision to issue new licences to select companies for the importation of petroleum products into the country, reports ITREALMS.

In an official statement released in Abuja, IPMAN National Publicity Secretary, Chinedu Ukadike, warned that relying on imports is worsening domestic price volatility and placing severe, unnecessary pressure on the naira.

The Truth Tariff: AI, data costs, and financial paradox of African newsroom by Remmy Nweke | Telecoms Clinic@ITREALMS

Telecoms Clinic@ITREALMS ... making leadership SENSE with digital news!

Different trigger:
The tragedy of Major General Rabe Abubakar’s abduction was horrific enough. But as the news broke across Nigeria, the digital ecosystem pulled an entirely different kind of trigger. Along with the report, a viral photograph began tearing through social media channels. It was not General Abubakar. It was a completely different military officer, whose actual name was printed clearly on the uniform draped across his chest.

It was an error born of pure editorial laziness, but in the frictionless pipeline of the internet, it instantly hardened into digital cement.

Financial strain hits NNPCL over PMS supply costs, impacting sustainability - ITREALMS

ITREALMS ... making leadership SENSE with digital news!

The NNPC Ltd has acknowledged recent reports in national newspapers regarding the company's significant debt to petrol suppliers, reports ITREALMS.

According to the Chief Corporate Communications Officer, NNPC Ltd, Olufemi Soneye, this financial strain has placed considerable pressure on the company and poses a threat to the sustainability of fuel supply.